BASA News

Focus on profit in 2024 with hedging

Published: 24 January 2024

To help mitigate FX fluctuations and protect your business's bottom line in 2024, make use of forward contracts*. This lets you 'lock in' the current exchange rate for a specified currency for up to 24 months. The rate is fixed when the contract is signed, and you are guaranteed that rate when the contract is settled.

GBPEUR hits 1-month high

Published: 17 January 2024

GBPEUR soared back to the highs seen in December, following the surprise uptick in inflation we saw at the end of last year.

Construction Products Association State of Trade Survey for Q4 2023

Published: 08 January 2024

This is a brief reminder that the CPA State of Trade Survey for 2023 Q4 is open for another week and we would appreciate your responses in order to present a full view of our sector if you are supplying adhesives and sealants to the construction industry.

USD quick out the traps

Published: 03 January 2024

The Dollar was quick out the traps this year, gaining largely against the Pound and the Euro throughout yesterday’s trading session. Risk sentiment change has seen the Dollar gain back some of the losses suffered after the Fed rate cut narrative come into play at the end of 2023. The recent Dollar strength is due to the US Navy shotting down two anti-ship missiles and sinking three small boats after responding to distress calls from a container ship that was attacked twice by Houthi rebels as it crossed the Red Sea over the weekend, Iran then sent warships into the Red Sea after the US strikes in retaliation. Last time the Red Sea saw any issues, the blockage of the Suez Canal, the incident put huge inflationary pressure on the global economy.

Bitter pill for GBP to swallow

Published: 08 November 2023

The pound comes under pressure yesterday after BoE chief economist Huw Pill commented that there will be a “sharp further fall” in inflation in October, and hinted that we could see rate cuts by the middle of next year. Money markets are now pricing in 0.50% worth of rate cuts by September next year.

If you currently use silicone polymers please respond to this new Silicones Europe downstream user forum participation request

Published: 25 October 2023

This request is for all BASA member companies who are downstream users of silicone polymer. The full post is detailed in the Health & Safety Working group with details and how to participate. Whilst this is an EU initiated action, nomination as a POP could result in significant difficulties for the silicone sealant market, and the possible loss of all silicone polymers!

DEFRA survey on UK REACH - Please Complete

Published: 15 September 2023

The UK REACH service team in The Department for Environment Food and Rural Affairs (DEFRA), are looking for users of the service to complete a survey.

Carbon Accounting - free training course

Published: 23 August 2023

Carbon accounting is becoming an increasingly important tool for organisations. It not only provides the insight needed to quantify and measure a company’s carbon emissions, but it also assists in making informed decisions when it comes to mitigation strategies. This free course by xtonnes covers the fundamentals of carbon accounting and emission calculations.

The RPD system for EPR packaging data is now open for enrolment

Published: 16 August 2023

Under the EPR Data Regulations, large producers (over £2m t/o and that handle more than 50 tonnes of packaging in a year) must provide data for the first 6 months of 2023 by 1 October whilst small producers (£1-2m t/o, 25-50 tonnes) must do so from January 2024 and the RPD system for EPR packaging data is now open for enrolment

UK & EU Diisocyanate's restriction - remaining provisions on training requirements come into force from 24th August 2023

Published: 10 August 2023

The restriction on diisocyanate was adopted on 4 August 2020, by the European & UK authorities under REACH, targeting respiratory and dermal sensitisation potentially caused by diisocyanate. The new restriction requires training prior to use of diisocyanate before 24th August 2023. This post is a reminder of the published information for information. If you are an end user you should consult your supplier if you have questions. From 24 February 2022, any products covered by this restriction should have been labelled “As from 24 August 2023 adequate training is required before industrial or professional use”.

UK Government announces extension of CE mark recognition for businesses - but not for construction products, yet

Published: 01 August 2023

The Department for Business and Trade has today announced an indefinite extension to the use of CE marking for UK businesses. UKCA marking for construction products is managed by DLUHC and as of today's date DLUHC still intend to cease recognition CE marking in June 2025, which is confusing. BASA's view is that DLUHC are likely to eventually concede that UKCA marking of construction products is unnecessary for products that are not safety critical.

Retained EU Law (Revocation and Reform) Act 2023

Published: 30 June 2023

Following agreement by both Houses on the text of the bill it received Royal Assent on 29 June at 11:06 am. The bill is now an Act of Parliament (law). For BASA Members this will mean that the Annex VIII requirements for Poison Centre Notifications that were accidentally carried forward, but are not being implemented currently, will be officially revoked on 31/12/2023.

Become a supporter - Social Purpose Project

Published: 29 June 2023

Could your business support inspirational people to achieve extraordinary things? The Social Purpose Project (SPP) is a new pioneering social enterprise which provides specialist public affairs and public relations support for charities, campaigns, and causes. These services are delivered at no cost to the recipient organisation thanks to commercial sponsors.

1 Week to go ‘til InstallerSHOW

Published: 20 June 2023

InstallerSHOW – the UK’s biggest heating, plumbing and electrical exhibition – OPENS NEXT TUESDAY at the NEC, Birmingham (27-29 June) – it’s huge, it’s eye-popping, it’s an amazing day out.

Exclusive product launches at InstallerSHOW

Published: 06 June 2023

Step into the ultimate product launch hub, InstallerSHOW, where innovation takes centre stage! Our 400+ exhibitors are gearing up to unveil their exciting new products and solutions - all under the roof of The NEC, Birmingham in June. Don't forget to grab your FREE visitor pass and join us to stay at the forefront of cutting-edge products and trends in the heating, plumbing, and electrical industries.

CHEMUK records 41% increase in visitors for 2023 Expo!

Published: 23 May 2023

CHEMUK 2023 opened its doors on Wed 10th & Thur 11th May at the NEC in Birmingham to a record attendance of 3956 visitors (excluding exhibitor staff) over the two days, representing an increase of 41% from the 2022 edition. The total two-day attendance (visitors plus exhibitors) was 5559.

UK REACH - RMOA for Formaldehyde and Formaldehyde Releasers

Published: 17 May 2023

BASA members have been identified as having a potential interest in articles that could release formaldehyde into indoor air. HSE have contacted us you to alert members to a call for evidence that HSE has opened and which you may be interested to respond to.